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Stock Market & Financial Investment News

News Breaks
March 12, 2013
05:55 EDTBNCN, BNCN, BNCN, SNV, SNV, SNV, STBZ, STBZ, STBZ, ABCB, ABCB, ABCB, YAVY, YAVY, YAVY, SCBT, SCBT, SCBT, PSTB, PSTB, PSTB, FFCH, FFCH, FFCH, FCNCA, FCNCA, FCNCA, CBF, CBF, CBF, UCBI, UCBI, UCBISandler O'Neill to host a field trip
Carolinas Bank Field Trip travels through North and South Carolina on March 12-14.
News For BNCN;CBF;FCNCA;FFCH;PSTB;SCBT;YAVY;ABCB;STBZ;SNV;UCBI From The Last 14 Days
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February 5, 2016
16:31 EDTPSTBPark Sterling Bank CFO David Gains resigning, succeeded by Donald Truslow
Park Sterling CFO David L. Gaines is stepping away from his role and Donald K. Truslow is joining the company to assume that position. Gaines will remain with Park Sterling through the end of March and work closely during that time with Truslow to ensure a smooth transition. Truslow's most recent position was as Chief Risk Officer for M&T Bank Corporation, a financial services holding company with approximately $123B in total assets headquartered in Buffalo, New York.
15:47 EDTUCBIUnited Community Banks increases quarterly dividend to 7c
United Community approved an increase of its regular quarterly cash dividend to 7c per common share. The dividend is payable April 1 to shareholders of record on March 15.
January 28, 2016
11:26 EDTCBFCapital Bank reports Q4 core EPS 41c, consensus 37c
Core adjustments for the fourth quarter included a pre-tax charge of $4.2 million related to the previously announced contract termination of debit card processing, initially estimated at approximately $5.0 million, and $0.7 million of non-tax deductible merger related expenses. Loan portfolio grew sequentially at a 17% annualized rate and was up 13% year-over-year. Total deposits were up 12% year-over-year. Terminated legacy debit card processing contract and executed long-term agreement with MasterCard.
10:05 EDTSTBZOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Azure Midstream Partners (AZUR) downgraded at Stifel... Chesapeake (CHK) downgraded to Hold from Buy at Wunderlich... CorEnergy (CORR) downgraded at Stifel... DCP Midstream (DPM) downgraded to Hold from Buy at Stifel... DynCorp (DCP) downgraded at Stifel... Ericsson (ERIC) downgraded on challenging outlook at BMO Capital... H&E Equipment (HEES) downgraded to Neutral from Buy at UBS... Halcon Resources (HK) downgraded to Hold from Buy at Wunderlich... InvenSense (INVN) downgraded to Market Perform from Outperform at Barrington... Invitae (NVTA) downgraded to Market Perform from Outperform at Leerink... Kirby (KEX) downgraded to Sector Perform from Outperform at RBC Capital... MEG Energy (MEGEF) downgraded to Equal Weight from Overweight at Barclays... Metro (MTTRY) downgraded to Underweight from Neutral at JPMorgan... OSI Systems (OSIS) downgraded to Hold following Q2 miss at BB&T... Oasis Petroleum (OAS) downgraded to Hold from Buy at Wunderlich... Pan American Silver (PAAS) downgraded to Market Perform from Outperform at FBR Capital... Qualcomm (QCOM) downgraded to Market Perform from Outperform at William Blair... Range Resources (RRC) downgraded to Equal Weight from Overweight at Barclays... Rockwell Automation (ROK) downgraded to Underperform from Market Perform at Bernstein... Royal Gold (RGLD) downgraded to Market Perform from Outperform at FBR Capital... SEI Investments (SEIC) downgraded to Underperform at Keefe Bruyette... SandRidge Energy (SD) downgraded to Sell from Hold at Wunderlich... Seadrill (SDRL) downgraded to Equal Weight from Overweight at Morgan Stanley... ServiceNow (NOW) downgraded to Neutral from Buy at MKM Partners... State Bank Financial (STBZ) downgraded to Hold from Buy at Sandler O'Neill... Sunoco Logistics (SXL) downgraded at Stifel... Tallgrass Energy GP (TEGP) downgraded to Hold from Buy at Stifel... Tallgrass Energy (TEP) downgraded to Hold from Buy at Stifel... Textron (TXT) downgraded to Hold from Buy at Drexel Hamilton... TripAdvisor (TRIP) downgraded to Underperform from Market Perform at Raymond James... Tupperware Brands (TUP) downgraded to Neutral from Overweight at Piper Jaffray... U.S. Steel (X) downgraded to Hold from Buy at Argus... United Rentals (URI) downgraded to Neutral from Buy at UBS... Welltower (HCN) downgraded to Hold from Buy at Evercore ISI... Western Gas Partners (WES) downgraded to Hold from Buy at Stifel... Whiting Petroleum (WLL) downgraded to Hold from Buy at Wunderlich.
08:03 EDTSTBZState Bank Financial downgraded to Hold from Buy at Sandler O'Neill
Sandler O'Neill downgraded State Bank Financial to Hold with a $21 price target on shares. Analyst Stephen Scouten believes that the ultimate upside in shares is through a take-out, which doesn't seem likely near-term, and notes multiples in the group have pulled back.
07:09 EDTPSTBPark Sterling Bank reports Q4 adjusted EPS 11c, consensus 11c
Reports Q4 book value per share $6.49. Reports Q4 CET1 capital ratio 12.98%.
January 27, 2016
07:37 EDTSTBZState Bank Financial reports Q4 EPS 33c, consensus 27c
Reports Q4 book value per share $14.47. Reports Q4 Tier 1 capital ratio 18.05%.

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